2012-12-02
2012-12-10
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CSPAN 15
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CNBC 12
MSNBCW 12
CSPAN2 11
FBC 5
KQED (PBS) 4
KGO (ABC) 2
KPIX (CBS) 2
KQEH (KQED Plus) 2
KRCB (PBS) 2
KRON (MyNetworkTV) 2
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English 104

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over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the point man on the negotiations for all of this. the secretary of treasury, tim geithner. and our roundtable is also here. standing by for reaction, including the man behind the republican pledge not to raise taxes

? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. raising the retirement age, dealing with change the inflation formula so the programs aren't spending so much out over time. if president obama is interested in reforming entitlements which he says he is but he never specifies what it would be. all he has to do is call up mitch mcconnell and say i think these are good ideas, let's sit down and they would happen. republicans would take those immediately. >> that's how you think republicans should lead, they should wait for a call from the president? not go on tv but make an actual offer? >> specific changes on entitlements. if the president is in favor of changing entitlements, all he has to do is say i agree these ar

budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all me

't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and

costs. you'll be able to choose any doctor who accepts medicare patients. and you never need referrals. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> welcome to "newsroom international." i'm suzanne malveaux. here's what's employing on right now. a frantic search for survivorsunder yea in the southern philippines. a massive typhoon washed away houses, levelled buildings, triggering landslides as well. at least 274 people are now dead. that number could go even higher because hundreds of people who are still missing. the misery not yet over. the storm is expected to continue to dump heavy rain in philippines until tomorrow. >>> to iran where officials claim they have gotten some damning information from that u.s. drone they say they captured. the information that the iranians say now proves that the u.s. was spying on iran's military sites and its oil terminals. the u.s. has been trying to block iran's oil exports as part of an effort to get iran to give up it'

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of cleveland about health care, insurance, and medicare. this is an hour. >> good afternoon, welcome to the city club of cleveland. i'm president of the city club's burped of directors. i'm delighted to introduce to you the president and effective january 1, ceo, of humana inc, a phenomenonture 100 health care and health insurance provider and administrator serving over 11 million customers in the united states. over the recent election, at the center of the policy debate with implications beyond the health care industry impacting the largest fiscal pom aand larger concerns. fortunate to have with us him here to share insights on the industry and the developing policy. prior to joining humana in 2011, he was an executive, and before that, u.s. oncology, large producers and providers of health care products to to major health care institutions. with that background, he brings to the podium today a broad perspective on health care issues facing the country. he holds the undergraduate degree from texas a&m, and mba from university of houston. we are looking forward to your comments toda

medicare under the guidelines of aarp with our tax dollars are now advertising to say not fix it. the way we can fix it is to control the cost. the way to control the cost is to have more individual participation. there's a lot of ways to do that. but you can't play the game and hide. medicare and social security and medicaid, if those aren't fixed, if we're not honest about how to fix them and the fact, that, yes, everybody in this country will have to participate in some discomfort, if we're going to get out of this hole. as long as we continue to lie to the american people that you can solve this problem without adjusting and working on those programs it is dishonest and beneath anybody in washington. >> senator stabenow, you heard it right there, medicare, medicaid, social security, all have to significant reform, can you accept that? >> george, there are three parts of the stool here to solve this problem. one, spending. we've already agreed to trillion dollars in spending reductions. two, medicare and entitlements. we have already agreed to over $700 billion in spending reductions o

know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement

for medicare to 67 and deal with entitlements by extending ages going out into the future, i am all for it. host: an independent caller, what do you think? hostcaller: you look lovely. we appreciate it. i started talking about this in july 2011. the gop -- he said they are in violation of their oath of office whenever they refuse to raise the debt ceiling. then when they do it on the floor, they are in violation of u.s. code. by dissenting that argument in public and then recommending the public and the court their views. host: this proposal by republicans does not include any thing to raise the debt ceiling. caller: i know but they are going to have to do that. also, john boehner -- this proposal has $160 billion less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the cou

are popular. you want more medicare cuts show me what you want and i think this is a perfectly normal negotiation and i was thinking on the way here, chris, you and i have an advantage in this. you and i covered albany, new york on the state legislature there, where you had a divided legislature, unbelievably contorted by budget fights and in the end they usually made a deal. it was complicated, sometimes it was ugly but they got to a deal. >> but they often got to it very late as you'll recall and state workers didn't get paychecks. >> this did happen. but they got there. and i ambiting more on a deal than not. i think there are some compromise points, for example, raise the top rate almost to where obama wants it and fill it in a little bit with some reduction in deductions. that's not impossible to imagine. but i think the notion that the republicans don't have to put anything on the table, i think those days are over and it's time for them to say all right here's what we want. >> can't come as any surprise to the republicans no matter what they want to say about it the president w

and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to go up, ed. it's a matter of simple math, as the president has said. which is why in the house of representatives the democrats filed what's called a discharge petition that would require the speaker to bring to the floor of the house the senate bill, the senate democratic bill that immediately would extend tax relief to all middle income taxpaye

of raising rates. 1 trillion in spending cuts to including health care reforms such as raising the medicare retirement age and limiting the cost of living adjustments for social security recipient. meanwhile, a brand new poll dismisses the president's claims of a mandate to raise taxes. a survey of 800 obama voters split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready

and son of the great conservative jack kemp. thank you, sir. did babs make a boo-boo? medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. .. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop the

. there was a surtax in the health care law, supposedly to pay for medicare, but they raised it -- they raided the money out of medicare before it even arrived to pay for the new obamacare spending. it's 0.9% additional medicare tax on wages of high income earners, and it is 3.8% on all unearned income, so capital gains, dividends, rental income, interest, any other unearned income has this new 3.8% surtax, and that's on top of whatever might happen in these fiscal cliff talks. megyn: so that is happening. if you make $200,000 as an individual or 250 as a family, it's happening as of january 1. >> well, looks that way. my parsing of speaker boehner's offer in the fiscal cliff talks is that this is going to happen no matter what. they talked about holding the line -- megyn: no, wait, wait, wait, let me interrupt because i just don't want to confuse the two, because all the taxes are confusing. i'm saying this surtax, this .9 income tax surtax, and then this 3.8% surtax on nearly all capital gains, that is happening irrespective of what happens with the fiscal cliff negotiations? >> almost certa

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-seltzer on facebook. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> now for a what in the world segment. a curious thing happened in the days following barack obama's election. a group of texans filed a petition. they wanted it can to succeed from the not so united states of america. the movement spread further encompassing each of the 50 states in the unions. it's a ridiculous exercise that will go nowhere. there are some real impulses across the atlantic. europe will have a new state. look at katacatalonia. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding state hood. the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consid

in cuts both in the form of cuts to entitlements, and other, like, medicare. and then some limiting of farm subsidies. and then $50 billion in additional stimulus spending, and some other measures. those are some of the -- just the big highlights, brooke. and i would add that secretary gheit meeithner made clear over weekend that the tax increases they would like to see would be a return to the clinton era rates for the top 2%. and some of this, you know, is what he laid out with the president laid out after the debt deal last year. so it is a proposal that is familiar from the white house, not something fresh and new. so the white house says, you know, the republicans shouldn't be shocked. republicans are saying we're shocked because it's not a compromise. they were expecting something different and more -- more -- more of an outreach and they say it didn't do enough to win them over. >> as you point out, the ball is in their court. we'll see how and when they respond. jessica yellin, thank you. keep us posted on the president's tweeting today as well. and i don't know if you caugh

and examine the push to make changes to social security and medicare. >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close r directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that nnec us. and by the alfred p.

made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more. reporter: yes, what is clear is increasingly, the two sides -- the obama, white house, senate democrats on one side, senate republicans on the other, there is a ticking clock involved here. they should be hitting their stride right about now. timothy geithner is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign

-called entitlements. many lawmakers and economists have argued it's essential to make big changes to medicare and social security. among those ideas are raising the eligibility age; means- testing for wealthy recipients; cuts in spending and benefits and a bigger role for private competition in health care. max richtman has been arguing against making many of these changes as part of this fight. he's the president of an advocacy group, the national committee to preserve social security and medicare. he joins us now. >> welcome. >> thank you for inviting me. >> first of all, why shouldn't social security and medicare be part of the entire group of government spending programs that are being looked at to get to deal with the deficits? >> well, before i answer that i was very interested in the way you characterized these programs as entitlements. so-called, you said, entitlements. and we think that a better term would be earned benefits. you know, i counted the letters in the word "entitlement." there are 11 letters. often people refer to entitlement as a four-letter word and it's a derogatory,

needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call toda

social security and medicare for generations to come, it's going to be very difficult for me to oppose higher rates for the rich. what about that? >> and to mr. rooney's point, if in fact there were fundamental, significant reform of medicare, medicaid and social security so that we in fact save and strengthen and secure those programs, just like we did in our budget,those were included in the president's proposal, then that's something that we would talk about and very seriously consider because there's where we got to get. we got to get real solutions. the problem with the president's proposal is it's not a real solution, it's all politics. >> congressman tom price, thank you for coming on the program. >> we've been talking about the president's advantage right now. so, karl rove was not about to sit on the sidelines. his crossroads gps is running a spot today criticizing the president over his handling of the fiscal cliff. let me take a look at that. >> no real reform. instead spending taxes. we neat bipartisan ideas we can all support. >> dana, is any of that going to make a differ

, means testing on taxes? medicare for more affluent recipients, excluding my wife? >> let me just say that we would support a balanced approach, and it is important to point out, as senator warner did, that we have done over $1 trillion in cuts in the next 10 years which the president is committed to keeping. with respect to medicare, we do have a very different approach to dealing with medicare. there is no doubt we have to bring down medicare health-care cost growth. the difference is that we believe we should expand on the kind of reforms that we made in the affordable care act, where we achieved billion about $716 billion in savings, not simply by across the board provider cuts, but by changing the incentive structure, the way we pay providers so we focus on the value of care, not the volume of care. i think it is ironic that we have gone in the last four weeks from many of our republican colleagues criticizing the president for having done too much in savings on medicare, $716 billion -- their presidential candidate proposed putting that money back in, in other words adding $716

such as social security and medicare, 65%. 64% creating jobs, 64% improving public education, growing the economy, creating a business environment that allows for innovation. lowering the federal deficit actually false down to 40. not as much confidence there as a part on the other side. we been said the training faces a number of challenges including but not limited to large budget deficits, national debt, slower economic recovery, high unemployment, deep political divide on many issues. do you believe we will overcome these challenges in the foreseeable future as we've done in the past, or do you think these are unique set of challenges that are so serious that we might not be able to overcome those challenges? two-thirds of voters, 67%, say we will be able to do that. 31% have concerns about it. look at the bars across the bottom. the ones like younger voters, 18-29, confident we'll get there. african-american voters, 85%. hispanics 66. and those are the fundamentals of the democratic party, 85% of democrats saying it will improve. in which of the following closest to coming to think the presi

and in the president's budget to over a trillion dollars in savings to medicare without doing any harm to beneficiaries and extended the life of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle income tax cut? why are we not here to even debate the middle income tax cut? could it be because the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the red or get one red scent from the high end we will never have the revenue with the save togs reduce the deficit, to create jobs and grow the economy and improve the lives of the american people. [inaudible] >> [inaudible] as i've cede before than subject, w

. this is the pursuit of perfection. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. >> welcome back. a cabinet shake-up. new reports that president obama is closer to naming new members among the decisions, is who will replace secretary of state hillary clinton. will it be u.n. ambassador susan rice or john kerry? >> well, for d

, on reforming those systems to save medicare and medicaid, social security, cutting defense, reforming the taxes, then do not meet -- if he doesn't want to meet halfway, but i've got to tell you, i am heartened with what i saw in the president's tone yesterday. i loved hearing him tell a group of americans yesterday, hey, we're going to get this thing done. i feel good about it. i love that he agreed to sit down with john boehner one on one. richard, you've done negotiations on all levels. i really liked the tone the president was sending. and by the way, i felt like charles krauthammer did a couple of days ago. because the president seemed to be saying -- and you've said it, too, along with geithner -- we won. the other side's going to cave. the president's changing his tone, and i think that is great not only for the american people, i think it's great for the president. >> i think you're right. there's a sense that people have once again remembered the basic rule of negotiation. in a funny sort of way, you've got to help the guy you're negotiating with because you need a partner to succeed. y

have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority think the fiscal cliff's impact will not be enough to drive us to recessionary measures." the chicago fed forecasts the economy will grow a

] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> about a week after our election in america china announced a new set of leaders. seven men who will manage the running of the world's number two economy. we have paid too little attention to this changing of the guard. will they take on corruption? will they reform the economy. what will their foreign policy look like? i have to great guests to shed light on all of that. welcome. and the new yorker china correspondent. liz, you have a very tough blog posting on the excellent council on foreign relations website which you say china's 18th party congress was a heartbreaker. it was a triumph of the party's skrif -- conservative click. the candidate will the strongest credentials were left high and high. they to

. the clear choice. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people w

taxes, but you're going to be the ones tocut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two

on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> cenk: we've the latest in the grand bargain negotiations. democrats gave they are first offer, republicans theirs. their both largely nonsense. we know they're going to meet somewhere in the middle but it has to play out. we're told nbc is a liberal network. interesting. andrea mitchell asked questions that are completely loaded in favor of cutting social security and medicare, which is not remotely liberal. she almost tries to browbeat. watch. >> are you willing to work with the president to go against aarp to bring house departments along for cuts with the most popular programs? >> the savings that we know we can continue to add on that we achieved in the affordable care act

billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. republicans have indicated that they want to raise revenue by lowering tax deductions, haven't given any specifics yet. brings us right to white house correspondent brianna keilar. good morning, brianna. >> good morning to you, soledad. yes, things are at an impasse here. i will tell you the white house after not being very happy with the pace of negotiations the week before last sent treasury secretary tim geithner up to the hill to outline this proposal. there's a lot we already knew about that president obama had already taken a public position on. the white house is now saying to republicans as well, we want you to put the meat on the bones when it comes to the entitlement reform portion of this deficit reduction plan. that's politically very tricky, as you know, because a lot of times dealing with entitlements will be construed as cuts to medicare and that's often not very popular. as you can imagine that deal that you just outlined

to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is the definition of entitlement? people in the capital get pensions and free health care for not even doing anything, and personal cars and things like that. so do they want to be a country unto themselves, a country of texas or a country of florida? host: running out of time. we only have about 30 minutes for open phones this morning. i will have to let you go. the hottest property to emerge from obama's victory over the running is not the much lauded campaign theme, is something far more valuable that

. why would you go for that? if you spend $80, the next step from medicare and whatever. i am not saying cut the defense, obviously a republican rayon. if you reform does things, especially the entitlements, what is the expense? how are you going to pay? $200. if it goes through the program. cut the prices on the services. you have absolutely no idea how much it costs. if i go to brooklyn, it will be cheaper. they know how much to charge. in order to create the jobs, you have to go to amend it. host: to write for the call. a lot of people want to wait and it. the number-one priority item, this is from a viewer who says it should be to back fiscal for timber living tax cuts expire, close loopholes, and cut spending across the board. a surprise announcement of senator jim demint who will be leaving the senate after nearly two terms. this is from friday politico. just as on the conference but still, arizona on the independent line. i wanted to call and regarding obama's priorities. i think it should be related to pregnancy. there are too many children being bored. too many do not have the r

, more people are out of work. it means that we do not have money to pay for basic benefits like medicare and social security. it is important to talk about deductions and tax policy in terms of tax reform. john boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and t

't be sound and solvent for future generations. for example, medicare's hospital services program is in serious financial trouble. in a report this spring, the medicare trustees cautioned that the trust fund that covers the program's hospital services will be depleted and consequently insolvent by 2024. the fact is, we can accomplish entitlement reform in a way that doesn't change programs for people at or near retirement yet ensures that those programs will be there for our children and grandchildren down the road when they need them. republicans and democrats should be able to come together, as should older and younger americans, because thoughtful entitlement reform is in everybody's interest. and, finally, we need to control our spending. our federal deficit for the fiscal year 2012 was $1.1 trillion, and our national debt is now more than $16 trillion. that is unsustainable. more revenues from tax reform and economic growth combined with entitlement reform and controlling spending will reduce our deficit and our debt, and there is no question that we can do it. for example, w

there is a big challenge. there are problems with medicare and social security. they are facing big deficit situations. host: what motivates the creation of deductions? what about the other incentives? mortgage deduction it to encourage people to buy a home. guest: some of the deductions have been around forever, since the invention of the income tax. there has always been a deduction for interest that you paid. the government didn't think it could distinguish between mortgage interest and other kinds of interest. less interest is deductible now. some of the things are left over from the early days of the tax code. there is no magic about allowing people to deduct mortgage interest and not the interest they pay on their credit cards. some of these things are hard to explain. host: does it incentivize home buying? guest: it does provide some if incentive for buying a home and is a large tax break and gives them an enormous benefits. it mostly provides an incentive for buying a bigger house. it seems to incentivize mcmansions. there is a fair question of whether that is something we should be

revenues. it did contain four specifics. four. cut medicare specific number one. $600 billion. cut medicaid, pays for nursing homes for seniors, of course. priority number two. three, cut the adequate cola for seniors on social security. even though 40% of seniors depend principally or totally upon social security and the cola already underestimated inflation particularly for medicare, essentials they need. cut that. not a driver of the deficit but, hey, cut that. one more specific. preserve the bush-era tax rates for income over $250,000. it's not a tax increase for everybody who earns over $250,000. it's only the income over $250,000 that would get additional taxes if the bush-era rates went away and the president's proposal was passed. but, no, they want to preserve -- totally preserve tax cuts for income over $250,000. they want to preserve the reduced capital gains rate and dividends rate which principally who ben pets, who else, millionaires and billionaires. now -- benefits, who else, millionaires and billionaires. they did have the jay wellington wimpy plan. you remember him? popeye

than any single thing of medicare and medicaid and longer-term social security, so the mere fact that we are discussing those types of things fit. in terms of the votes, look, if it's going to be a deal there has to be votes from both sides. the reality is -- and these guys, the president and the speaker dealt with one another before. they've never been able to come to a deal. they came to a huge deal during the lame-duck session in 2010 on extending the bush tax cuts. they came to another deal without shutting down the government in april of 2011 cutting discretionary spending by billions of dollars and they came to another one on the debt ceiling as well which was a 2.2 trillion dollar long-term reduction in exchange for an increase in the debt ceiling. so, you know, the need to take it to another level. this is a more complex problem, and it's the beginning of a series of negotiations between the two. they are going to be together for the next four years. the president won the election, the republicans won the house and frankly are not likely to lose the election in the second

and medicare specifically and there was talk about that and we need new revenue. we spent the last year trying to get through to new revenue and borrowed ideas from both sides but we put together a group of people who are quite experienced, bill, larry, les and tony and we really tried to work through how would you raise enough revenue to hit the simpson-boles target. that is $1.8 trillion dollars that is higher than the president and the republican offer. we did that by removing the alternative minimum tax, repealing other provisions that add complexity and eliminating unjustified tax loopholes but we did it by converting the current system of deductions, which favor high income taxpayers through a system of tax credits which equalizes the benefit that middle income as well as high income taxpayers get. we restore the top rate of 39.6%. there is a lot of debate of whether you can lower the rate. our judgment was you needed that rate in order to have a progression of income and it is incumbent on other people to come forward to show how to get the income necessary to deal with our fiscal probl

-- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we wasting our money? democrats want to cut taxes. host: armstrong williams? guest: we haven't gotten to affordable care and medicare and medicaid. if affordable care was administered correctly and if he did not have the special interest groups and if tort reform was not included, package you move forward in making health care work for anyone if you do not bring tort reform to the table? the medical malpractice lawsuits are out of control where doctors are paranoid and have to think twice before going through these procedures. it becomes a nightmare for doctors. there are too many hands in the pot. the mentality in washington is that everybody has to get paid so they can be compensated. when a

at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact and won't be subjected to the necessary reform to last for young people to ever reach them. the problem is that young people don't think life goes on after the age of 30. if you're on twitter and facebook, that's a long way away. why are you worried about entitlements? >> the funny thing is that president obama is using social media to do the exact same thing. for example, he will visit a virginia middle class family today. they were part of his twitter verse. that's why he chose them. he must think that talking to average americans might force republicans to change their minds about raising taxes on the wealthiest americans. >> well, if the most recent election is any indication, president obama is dead on right. he was -- he and his team were masters at social media in getting elected. and using social media to spread his message in nontraditional ways, ways that will be traditional in every election going forw

to the affordable care about, over $1 trillion in savings in medicare while extending savings what is lacking are the revenues. deficit-reduction. what does reduce the deficit is jobs. job creation. what we need are the revenues, and that is what you have to ask the question about. why are we not hear to pass additional tax cuts which increases the high-end contribution to the budget talks? why are we not here to pass a middle-income tax cuts? what are we not even here to debate the middle-income tax cut? can it meet because the republicans are holding this as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the head or get one red cent of their rich, to reduce the deficit, to create jobs, to grow the economy, to improve the lives of the american people -- >> the speaker was asking about middle ground. do you necessarily rule it out? is it your understanding that that is something he would accept? >> what we want to do is protect the middle class. is not above the rate. it is about the money. the objection to extending it is about being punit

don't slash medicare we're going to end up like greece. well, that's just stupid. >> stephanie: yeah. but you know this is what i have been talking about all morning. and i couldn't stop playing that clip for you from david gregory. sunday after the election should the president bring in mitt romney to negotiate the fiscal cliff. maybe the fact that grover norquist has a seat at the table, as if he won this election. >> i can see putting him in there, but the party is at least pretending to run away from him right now. >> stephanie: right. >> for all of the people who are running away from him, i think we should notice we are essentially arguing to bring the top marginal rate back up into the lower 30s. >> stephanie: exactly. i love the way you state. you say i have said it more than once it's not the president's job to tame john boner's tax reform um. he has no obligation to water these down just to get a deal down just for the sake of appearances. i mean that's exactly it. the president has more leverage than he obviously had last summer. >> and -- and -- if boehn

's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. >> time now for hits and misses of the week. first a, hit to you. >> a hit to the u.s. supreme court for throwing open the door to another constitutional challenge to obamacare. the high court agreed to a request from liberty university to reopen its lawsuit against a main provisions of the health care law, arguing they're unconstitutional on the religious grounds and this of course goes to the point about the law requiring employers to provide contraception and no idea how far it will go, but the court deserves credit for parts of the hearing. >> thanks. >> bret? >> this is

on issues like raising the eligibility age, the colas for social security, means testing, medicare for more influence -- affluent recipients >> first let me just say that we would support absolutely a balanced approach. it's important to point out as senator warner did that we have done over a trillion dollars in cuts over the next 10 years which the president is committed to keeping. with respect to medicare, we do have a very different approach. there's no doubt we have to bring down the health care costs growth. the differences we believe we should expand on the kind of reforms that we need in the affordable care acts. where we see $716 billion in savings, not simply across-the-board but by changing the incentive structure, the way we pay providers so we focus on the value of care rather than the volume of care. i do think it's ironic that we have gone in the last four weeks with many of our republican colleagues criticizing the president for having done too much savings on medicare, $716 billion am in their presidential candidate propose putting that money back and. in other words addin

read to the will to you and your stand medicare/medicaid and long-term security drive the budget. the fact we discuss them is good. if it will be a deal there will have to be votes from both sides. the president and the speaker have dealt with one another before. on extending the bush tax cuts they did not shut down the government and cut discretionary spending and budget for the exchange in the increase but but of the debt ceiling this is more complex. and the beginning of the serious -- series of negotiations. the president is the president he won the election but the republicans won the house and not likely with the midterm election. hopefully this is the beginning of a good productive legislation's been iq made headlines to say go-ahead extend the tax cuts and later fight to extend for wealthier americans. does that change your position? >> what is the right thing to do but the two sides agreed they don't to raise taxes on 98% we should agree to take them out of the line of fire. awac surely come to our side but if they are worried politicians that they don't have confidence

and democrats -- medicare is not paying for itself. it is costing us more than what we pay into it. if you make $1,000, they take $100 of of your medicare. if the big 2000, take $200, all the way up to $500. that way medicare is getting paid for. right now we are not paying for medicare. we're going into a hole because of it. another thing is, we have lost over 500 jobs -- companies to outsourcing in the last 12 years. it is because of the free trade with china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that

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